Littlejohn Financial Services Inc. Buys Shares of 8,132 Packaging Co. of America (NYSE:PKG)

Littlejohn Financial Services Inc. bought a new stake in Packaging Co. of America (NYSE:PKG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,132 shares of the industrial products company's stock, valued at approximately $1,831,000. Packaging Co. of America accounts for about 1.6% of Littlejohn Financial Services Inc.'s portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in Packaging Co. of America by 17.0% in the third quarter. Sanctuary Advisors LLC now owns 20,270 shares of the industrial products company's stock valued at $4,366,000 after acquiring an additional 2,946 shares during the period. GAMMA Investing LLC boosted its stake in Packaging Co. of America by 24.2% in the fourth quarter. GAMMA Investing LLC now owns 2,431 shares of the industrial products company's stock valued at $547,000 after acquiring an additional 473 shares during the period. Principal Financial Group Inc. boosted its position in shares of Packaging Co. of America by 8.4% during the third quarter. Principal Financial Group Inc. now owns 460,518 shares of the industrial products company's stock worth $99,194,000 after buying an additional 35,614 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Packaging Co. of America by 227.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 32,243 shares of the industrial products company's stock worth $6,945,000 after buying an additional 22,397 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Packaging Co. of America by 30.7% during the third quarter. Citigroup Inc. now owns 115,005 shares of the industrial products company's stock worth $24,772,000 after buying an additional 27,018 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PKG has been the subject of several analyst reports. Citigroup boosted their price objective on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. StockNews.com downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Finally, Truist Financial reiterated a "buy" rating and set a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $233.00.

Insider Buying and Selling at Packaging Co. of America

In other Packaging Co. of America news, SVP Joseph Vaughn sold 2,300 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total value of $563,247.00. Following the transaction, the senior vice president now owns 9,197 shares of the company's stock, valued at approximately $2,252,253.33. This represents a 20.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul T. Stecko sold 10,500 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $244.91, for a total value of $2,571,555.00. Following the completion of the transaction, the director now directly owns 8,881 shares in the company, valued at $2,175,045.71. This represents a 54.18 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Packaging Co. of America Price Performance

NYSE:PKG traded down $0.31 during midday trading on Tuesday, hitting $212.19. 842,622 shares of the stock were exchanged, compared to its average volume of 955,707. Packaging Co. of America has a one year low of $167.60 and a one year high of $250.82. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 2.40 and a beta of 0.77. The business has a 50-day moving average price of $225.81 and a two-hundred day moving average price of $221.86. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its earnings results on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. Sell-side analysts predict that Packaging Co. of America will post 10.6 EPS for the current year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a $1.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $5.00 annualized dividend and a dividend yield of 2.36%. Packaging Co. of America's dividend payout ratio is currently 55.99%.

Packaging Co. of America Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.